Caterpillar
State Does About-Face On China
Arkansas was one of numerous states that took part in a frenzy of activity aimed at bringing over Chinese companies to set up operations. But a new state law makes clear that such investments are now viewed with suspicion. read more >
by Lara Farrar -
Riggs Cat HQ Gets Steely Due
The American Institute of Steel Construction of Chicago has announced that the Caterpillar dealership building at 9125 Interstate 30 will receive its merit award for projects costing less than $15 million. read more >
Caterpillar CEO Doug Oberhelman to Retire Next Year
Caterpillar said Monday that CEO and Chairman Doug Oberhelman will retire from the company next year and will be replaced as CEO by Jim Umpleby. read more >
by Associated Press -
Rand Paul: Give Caterpillar Award for Tax Strategy That Saved Billions
Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award. read more >
by Associated Press -
Caterpillar 2Q Profit Falls 43 Percent; Cuts Outlook
Second-quarter earnings at Caterpillar fell 43 percent as dealers cut inventories more than the company expected. The world's largest maker of construction and mining equipment cut its profit and revenue outlook for the year. read more >
by Associated Press -
Riggs Tractor Rolls With Rental Trend
J.A. Riggs Tractor Co. has ridden out the ups and downs of 85 years of business, built on its foundation as a Caterpillar distributor. The Little Rock enterprise ranks No. 43 among the largest private companies in the state with 2012 revenue of $197 million. That figure reflects a one-year decline of 10 percent. read more >
by George Waldon -
Caterpillar 4Q Profits Cut in Half; 2013 Uncertain
Caterpillar's fourth-quarter profit was cut in half by a deal in China that went bad and by slower growth around most of the world. It said results for this year depend on how the global economy behaves in the second half. read more >
by Associated Press -